Why ProShares UltraShort Bloomberg Natural Gas (KOLD) ETF Is Trading Higher
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
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Source: Benzinga
KOLD ETF Performance: Shares of ProShares UltraShort Bloomberg Natural Gas (KOLD) rose 12.4% to $47.36 as U.S. natural gas prices fell over 7% due to lower-than-expected inventory withdrawals and milder weather forecasts reducing demand expectations.
Market Caution: While KOLD benefits from declining natural gas prices, investors are advised to be cautious due to the ETF's leveraged nature, which can amplify market volatility and risks.
Analyst Views on KOLD
Wall Street analysts forecast KOLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KOLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.400
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Current: 22.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
